Articles by Bimal Jain

Interest/late fees for services of pre-GST era, received after 1st July 2017, are liable to GST

Bimal Jain 31 August 2019 at 16:56

The AAR, Tamil Nadu in the case of M/s Chennai Port Trust has held that the amounts received on or after July 1, 2017 towards interest, late fees, penalty relating to services of lease/rent, due to delayed payment of consideration for those services rendered by Applicant before July 1, 2017, are liable to GST.

GST leviable on Mobilization Advance as on July 1, 2017 received for works contract service: AAR

Bimal Jain 31 August 2019 at 11:21

The West Bengal AAR in the matter of Siemens Ltd. has ruled that the Applicant is deemed to have supplied works contract service to KMRCL

No ITC on inward supplies for in-house hospital providing free medical facilities to employees: AAR

Bimal Jain 29 August 2019 at 16:05

Synopsis:The Tamil Nadu AAR in the matter of Chennai Port Trust has ruled that the Applicant, providing medical services and medicines as part of mandated rules..

Bombay HC issues notice in writ challenging Rule 89(5) denying refund of 'input services' under inverted duty structure

Bimal Jain 26 August 2019 at 15:08

Facts:M/s Raymond UCO Denim Private Limited ('Raymond' or 'the Petitioner'), approached the Hon'ble Bombay High Court challenging the vires of Rule 89(5) of the CGST Rules, 2017('CGST Rules') on the ground that it runs contrary to the provisions of S

GST Audit Check list for Composition Taxpayer

Bimal Jain 15 July 2019 at 13:36

The CBIC has issued GST audit Manual 2019 after approval by the Board. The Board vide its letter F. No. 221/03/2013 � CX-6 dated August 30, 2018 requested

Proposed Amendment in the Customs Act, 1962 and Service Tax - Union Budget 2019

Bimal Jain 06 July 2019 at 13:02

The legislative changes would come into effect only upon the enactment of the Finance (No. 2) Bill, 2019. Current provisions Proposed provision..

Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 - Central Excise and Service Tax

Bimal Jain 06 July 2019 at 12:45

A dispute resolution cum amnesty scheme called the Sabka Vishwas Legacy Dispute Resolution Scheme is being introduced for resolution and settlement of legacy ca..

Proposed Amendment in the CGST Act, 2017 and IGST Act, 2017 by Budget

Bimal Jain 06 July 2019 at 12:38

Goods and Services Tax Amendments carried out through the Finance (No. 2) Bill, 2019 come into effect on the date of its enactment, unless otherwise specified..

Major Takeaways from Budget 2019 presented on 5th July

Bimal Jain 06 July 2019 at 12:38

Ms. Nirmala Sitharaman today presented the full budget of 1st Year of 2nd term of Modi Government amid subdued economic growth and challenging fiscal situation...

Detailed analysis of changes in rates of Central Excise & Custom - Union Budget 2019

Bimal Jain 06 July 2019 at 02:28

In Union Budget 2019-20, the Finance Minister has introduced the Finance (No.2) Bill, 2019 in Lok Sabha on July 05, 2019. The following are the gist of the noti..